Profit Margin
9.5%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3222
NAICS 3222 · IRS SOI 2023 · Census CBP
Converted Paper Product Manufacturing - Industry Benchmarks
$68,760/yr average annual pay, with 207 SBA loans on record for NAICS 3222.
- 9.5%
- Net margin
- 261K
- Workers employed
- $68,760/yr
- Avg payroll / employee
- $241M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3222
Converted Paper Product Manufacturing runs a 9.5% pre-tax net margin - in line with the national median - across 3K establishments employing 261K workers.
- 9.5%
- Pre-tax net margin (IRS SOI)
- 261K
- Workers employed (Census CBP)
- $68,760/yr
- Avg payroll / employee
- $241M
- SBA lending, FY20–26
Benchmarking Insights for Converted Paper Product Manufacturing
Converted Paper Product Manufacturing sits inside Manufacturing at a 9.5% net margin (in line with the national median), $110.4B in aggregate receipts across 2,358 returns, averaging $46.8B per establishment.
3,411 establishments employ 260,693 workers (76.4/location) at $68,760/yr average annual pay. Wisconsin leads employment, followed by Ohio and California.
Total Receipts
$110.4B
Annual revenue (IRS SOI)
Net Income
$10.5B
Pre-tax net income
Employment
260,693
Total employees (Census CBP)
Avg Payroll / Employee
$68,760/yr
Annual compensation
Establishments
3,411
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 2,890; establishment count increased by 5. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Converted Paper Product Manufacturing revenue goes
Workforce scale
Converted Paper Product Manufacturing margin vs national reference points
Converted Paper Product Manufacturing net margin 31.6%
Cross-industry median (5%)
p25/median/p75 = 3%/5%/8%
Business Structure Breakdown
How businesses in this industry are legally structured (IRS SOI)
C Corporation
2,358 returns 100%
Margin: 9.5% · Receipts: $110.4B
Financial Detail
- Total Tax Returns Filed
- 2,358
- Avg Receipts per Business
- $46.8B
- Annual Payroll (Total)
- $17.9B
- Avg Employees per Establishment
- 76.4
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Other Converted Paper Product Manufacturing NAICS 32229 | N/A |
| Paper Bag and Coated and Treated Paper Manufacturing NAICS 32222 | N/A |
| Paperboard Container Manufacturing NAICS 32221 | N/A |
| Stationery Product Manufacturing NAICS 32223 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Wisconsin | 19,208 |
| Ohio | 19,068 |
| California | 17,964 |
| Pennsylvania | 17,588 |
| Illinois | 14,856 |
| North Carolina | 13,729 |
| Texas | 13,144 |
| New York | 10,162 |
| Tennessee | 9,519 |
| Indiana | 9,071 |
Showing top 10 of 45 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
207
Total Loan Volume
$241M
Avg Loan Size
$1165K
Jobs Supported
2,787
Program Breakdown
7(a) 146 (71%)
504 61 (29%)
Top SBA Lender
WBD, Inc.
12 loans in this industry
New Business Share
21.7% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 27
2021 49
2022 32
2023 28
2024 31
2025 32
2026 8
Frequently Asked Questions
What is the average revenue for Converted Paper Product Manufacturing?
$110.4B in total annual receipts across all Converted Paper Product Manufacturing businesses. Average per business: $46.8B.
How profitable is Converted Paper Product Manufacturing?
9.5% net profit margin, in line with the national median.
How many businesses are in Converted Paper Product Manufacturing?
3,411 business establishments. Together they employ 260,693 workers.
What is the average payroll per employee in Converted Paper Product Manufacturing?
$68,760/yr average annual pay per employee. Businesses average 76.4 employees per establishment.
Which states have the most Converted Paper Product Manufacturing employment?
Wisconsin leads with 19,208 workers. Ohio (19,068) and California (17,964) round out the top three.
How much SBA lending does Converted Paper Product Manufacturing receive?
Converted Paper Product Manufacturing businesses received 207 SBA loans totaling $241 million between FY2020 and FY2026. The average loan size was $1165K. These loans supported 2,787 jobs at origination. Most lending (71%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Converted Paper Product Manufacturing reports a higher net margin than 79% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 60% of that same 259-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest reported net margins
Same NAICS detail level, ordered by the smallest difference in reported IRS pre-tax margin.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
- Waste Collection 263,050
- Other Food Manufacturing 257,870
- Drycleaning and Laundry Services 256,702
Benchmarking Converted Paper Product Manufacturing
- Net margin: 9.5% vs sector. Browse Manufacturing
- 3,411 establishments, 260,693 workers. Payroll benchmarks
- 207 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 3222 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.